Agricultural Bank of China (SHSE:601288) Cyclically Adjusted PS Ratio: 3.27 (As of Aug. 12, 2026) — 54% Above Median

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SHSE:601288 Agricultural Bank of China Ltd SHSE:601288
63 GF Score
Price ¥6.44
GF Value ¥5.34
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Agricultural Bank of China Cyclically Adjusted PS Ratio?

Agricultural Bank of China SHSE:601288 -0.62% 63 Cyclically Adjusted PS Ratio is 3.27 as of Aug. 12, 2026, which is 54% above its 10-year median of 2.13. GuruFocus rates SHSE:601288 with a GF Score™ of 63/100 and a GF Value™ of ¥5.34 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,305 Banks companies, Agricultural Bank of China ranks better than 52.8% on this metric.

As of today (2026-08-12), Agricultural Bank of China's current share price is ¥6.44. Agricultural Bank of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥1.97. Agricultural Bank of China's Cyclically Adjusted PS Ratio for today is 3.27.

The historical rank and industry rank for Agricultural Bank of China's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:601288' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.13   Max: 4.4
Current: 3.27

During the past years, Agricultural Bank of China's highest Cyclically Adjusted PS Ratio was 4.40. The lowest was 1.50. And the median was 2.13.

SHSE:601288's Cyclically Adjusted PS Ratio is ranked better than
52.8% of 1305 companies
in the Banks industry
Industry Median: 3.41 vs SHSE:601288: 3.27

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Agricultural Bank of China's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.549. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ¥1.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agricultural Bank of China  (SHSE:601288) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Agricultural Bank of China Cyclically Adjusted PS Ratio Related Terms


Agricultural Bank of China Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Agricultural Bank of China's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Agricultural Bank of China Cyclically Adjusted PS Ratio Chart

Agricultural Bank of China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.58 1.92 2.78 3.94

Agricultural Bank of China Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.69 3.06 3.45 3.94 3.41

SHSE:601288 vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Agricultural Bank of China's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agricultural Bank of China Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Agricultural Bank of China's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Agricultural Bank of China's Cyclically Adjusted PS Ratio falls into.


SHSE:601288
63GF Score
Agricultural Bank of China Ltd SHSE:601288
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agricultural Bank of China Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Agricultural Bank of China's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.44/1.97
=3.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Agricultural Bank of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Agricultural Bank of China's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.549/121.4731*121.4731
=0.549

Current CPI (Mar. 2026) = 121.4731.

Agricultural Bank of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.388 101.686 0.464
201609 0.385 102.565 0.456
201612 0.339 103.225 0.399
201703 0.426 103.335 0.501
201706 0.415 103.664 0.486
201709 0.409 103.994 0.478
201712 0.366 104.984 0.423
201803 0.451 105.973 0.517
201806 0.476 106.193 0.544
201809 0.460 106.852 0.523
201812 0.386 107.622 0.436
201903 0.480 108.172 0.539
201906 0.424 109.601 0.470
201909 0.436 110.260 0.480
201912 0.406 110.700 0.446
202003 0.524 110.920 0.574
202006 0.413 110.590 0.454
202009 0.422 107.512 0.477
202012 0.440 109.711 0.487
202103 0.531 111.579 0.578
202106 0.484 111.360 0.528
202109 0.445 109.051 0.496
202112 0.481 112.349 0.520
202203 0.526 113.558 0.563
202206 0.462 113.448 0.495
202209 0.454 113.778 0.485
202212 0.412 114.548 0.437
202303 0.529 115.427 0.557
202306 0.486 115.647 0.510
202309 0.407 116.087 0.426
202312 0.442 117.296 0.458
202403 0.502 117.735 0.518
202406 0.496 117.296 0.514
202409 0.420 118.615 0.430
202412 0.478 118.945 0.488
202503 0.493 119.384 0.502
202506 0.487 119.055 0.497
202509 0.489 119.934 0.495
202512 0.471 120.704 0.474
202603 0.549 121.473 0.549

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 3.27 mean?
Agricultural Bank of China (SHSE:601288) has a Cyclically Adjusted PS Ratio of 3.27 as of Aug. 12, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Agricultural Bank of China and its competitors. This is 54% above median its historical median of 2.13. Over the past decade, Agricultural Bank of China's Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.40. According to the industry distribution chart, Agricultural Bank of China ranks #616 out of 1305 companies in the Banks industry, placing it in the top 47.2%.
Is Agricultural Bank of China's Cyclically Adjusted PS Ratio too high?
Agricultural Bank of China's current Cyclically Adjusted PS Ratio of 3.27 is 54% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.40. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Agricultural Bank of China's value of 3.27 is 4.1% below this industry median. Based on the distribution chart, Agricultural Bank of China ranks #616 out of 1305 companies in the Banks industry, which is above the industry midpoint. Overall, Agricultural Bank of China has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agricultural Bank of China's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Agricultural Bank of China ranks #616 out of 1305 companies for Cyclically Adjusted PS Ratio. This puts Agricultural Bank of China in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Agricultural Bank of China's value of 3.27 is 4.1% below this benchmark. Historically, Agricultural Bank of China's own Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.40 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 3.41, Agricultural Bank of China has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,305 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agricultural Bank of China's current Cyclically Adjusted PS Ratio of 3.27 is 4.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Agricultural Bank of China and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agricultural Bank of China's current Cyclically Adjusted PS Ratio is 3.27, which is 54% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agricultural Bank of China stock overvalued right now?
Based on GuruFocus' analysis, Agricultural Bank of China (SHSE:601288) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.34, compared to a current price of ¥6.44 — trading 20.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.27, which is 54% above median its 10-year median of 2.13 and 4.1% below the Banks industry median of 3.41. Agricultural Bank of China's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Agricultural Bank of China (SHSE:601288), the current Cyclically Adjusted PS Ratio is 3.27 as of Aug. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Agricultural Bank of China (SHSE:601288) Overvalued in 2026?

Based on GuruFocus' analysis, Agricultural Bank of China stock appears to be overvalued. The current stock price of ¥6.44 is trading 20.6% above its estimated GF Value™ of ¥5.34. GuruFocus considers Agricultural Bank of China to be Modestly Overvalued.

Key valuation signals for SHSE:601288:

  • Cyclically Adjusted PS Ratio: 3.27 (54% above median its 10-year median of 2.13)
  • GF Value™: ¥5.34 vs. price of ¥6.44 (20.6% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 4.1% below the Banks median (#616 of 1305)

No single metric tells the full story. See the SHSE:601288 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agricultural Bank of China Business Description

Address 50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the Big Four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It was listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates a more than 22,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 40.14% and 35.29%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 36%, 53%, and 7% of total revenue in 2025, respectively. Rural banking and urban banking contributed 49.6% and 50.4%, respectively, of total revenue during the same period.
63GF Score

Get the complete analysis for SHSE:601288

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥6.44
Price
¥5.34
GF Value